I've finally found a property that could be a good fit for my primary residence- if I can get a good price on it.  

There are a lot more dangerous, and horribly structured investments being offered every day.I can see this investment fitting into an investors portfolio of the investor meets and has contact one on one with the sponsor.  

The property is zoned as a SFR house and likely in a neighborhood of the same.Was the property not appraised by the bank when you got your mortgage?

This helps minimize upfront work and risk, and rental prices are appreciating.The key is investing in a growing market with strong neighborhoods and building a solid team.

Not having them can create issues when selling later.Over-improving for the Neighborhood – Be mindful of your area’s home values so you don’t invest more than you can recoup.Ignoring Structural & Mechanical Issues – While cosmetic updates are fun, addressing foundation, plumbing, electrical, and HVAC systems first will save headaches down the road.For the best return on investment, focus on:Kitchen & Bathrooms – These are the biggest value-adds for a home.

It’s worth researching to see if this might be a good fit for your situation.Lease Structure and Clauses: Work with an attorney to draft a lease with strong clauses for late fees, maintenance responsibilities, and other terms to protect your interests.Target Stable Tenant Profiles: While no tenant is risk-free, targeting tenant pools that historically have more stability (e.g., retirees, dual-income households, or tenants relocating for work) may reduce risk.Stay Up to Date on Landlord-Tenant Laws: Understanding your rights and obligations can help you navigate issues more effectively if they arise.That said, if the potential risks are keeping you up at night and the financial pressure of an eviction would be too much, selling may still be the best option for peace of mind.

You as a home owner can use the proceeds as you see fit.

According to the Planning Board, the intent of the RM-2 Zone is to create, maintain, and enhance residential areas characterized by a mix of single family homes, duplexes, townhouses, small multi-unit buildings, and neighborhood businesses where appropriate.I'm assuming by definition I am zoned to convert to a triplex?

My twin sis is actually getting some proceeds from a home sale due to her recent divorce and is looking to invest in Reno, and I am considering investing in a property with her if we find the right multi-family in the right neighborhood for the right price. 

The good thing is there are so many lenders available, you just have to vet and research what will be the best fit for you.